Fiscal Policy and Inclusive Growth in Latin America: Lessons for Asia

Latin American experience with inclusive fiscal policy, particularly conditional cash transfer programs, can offer valuable lessons for developing Asia and the Pacific in leveraging public spending to spread the benefits of growth.

Overall, the evidence suggests that CCT programs can be an effective tool for inclusive growth in Asia, too. However, CCTs are not a panacea for poverty and inequality, and the ingredients for their success in Asia may differ from those in Latin America.

About ADB

The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.